Aurelian Resources Wraps Up Ecuador Exploration for 2005 and Plans for 2006.TORONTO -- Aurelian Resources Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:ARU ARU Australian Rugby Union ARU Anglia Ruskin University (Cambridge and Chelmsford, UK) ARU Audio Response Unit ARU Ardhi University (Tanzania) ARU Aquarium Rescue Unit (band) ) is gearing down for the holiday season after successful completion of a C$3 million plus 2005 exploration program. The 2005 exploration program consisted of both detailed follow-up work and drilling on more advanced prospects plus the generation of new targets through a first pass regional stream sediment sampling program over the entirety of the 95,000 hectare hectare (hĕk`târ, –tär), abbr. ha, unit of area in the metric system, equal to 10,000 sq m, or about 2.47 acres. concession package in southeastern Ecuador. On the more advanced projects (mostly in the core of the concession area) Aurelian has, in 2005: - cut and surveyed approximately 61 line kilometers in jungle (168 km to date), - completed total magnetometer geophysical surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. over 61 line kilometers, - completed 39 line kilometers of IP geophysical survey over the core project Bonza-Las Penas-Ubewdy area, identifying:
- 16 potential chargeability anomalies of which 3 were drill tested.
Results included (MD&A August 29, 2005):
- 5.69 m @ 4.30 g/t of gold and 8 g/t of silver
(drill hole CP-05-30)
- 6 m @ 1.92 g/t of gold and 3 g/t of silver (drill
hole CP-05-31)
- 22 m @ 0.86 g/t of gold and 5 g/t of silver (drill hole
CP-05-33)
- diamond drilled 3,236 m (16,845 m to date) on:
- high grade cross structures in the Bonza-Las Penas gold deposit,
- including 101 m @ 2.85 g/t of gold in drill hole CP-05-42
(including 14 m @ 14.47 g/t of gold and 58 g/t of silver)
(Press Release August 30, 2005)
- the Tranca Loma copper porphyry,
- including 75 m of 0.3% copper, ending in mineralization in
drill hole CP-05-37 (Press Release November 28, 2005).
- a pull apart basin theory during the course of which a new
copper porphyry, the Camp Porphyry, was discovered.
- including 103 m of 0.24% copper, the angled hole ending in
42.35 m @ 0.31% Cu in drill hole CP-05-46 (Press Release
November 28, 2005).
- trenched 6,916 m (9,347 m to date) over anomalous a·nom·a·lous adj. 1. Deviating from the normal or common order, form, or rule. 2. Equivocal, as in classification or nature. geochemical and geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. targets both by excavator ex·ca·va·tor n. An instrument, such as a sharp spoon or curette, used in scraping out pathological tissue. excavator (eks´k and hand shovel, - collected 1,852 conventional and 243 MMI (Man Machine Interface) See HMI. 1. MMI - Man-Machine Interface. 2. (company) MMI - The company which developed the first Programmable Array Logic devices. MMI was bought by AMD. geochemical samples (11,278 samples to date). In addition Aurelian completed 1:2500 and detailed 1:500 scale mapping over the core projects area, including the Bonza-Las Penas gold deposit where Micon International Inc. made an independent inferred mineral resource of 15,030,000 tonnes grading 1.07 g/t gold and 11.6 g/t silver for 517,100 oz of gold and 5,605,500 oz of silver (Press Release December 24, 2004). The deposit is still open along strike. On the remainder of the concession areas the first pass of a regional reconnaissance stream sediment sampling program was completed by the end of November 2005. Four regional crews covered approximately 95,000 hectares. The crews took 4,736 samples (3,760 in 2005) at over 3,300 sites (2,180 in 2005) during the course of the program. At each site the crews would: - test for coarse gold and take note of colour counts (gold grains) in heavy mineral pan concentrates processed in the field, - prospect for outcrops and take rock samples for assay where appropriate, - test for fine gold and sieve stream sediments to - 80 mesh and send the samples for gold, copper and multi-element assaying. Final assays for this program have been received and once the results have been compiled the updated results for both gold and copper targets will be released. To date (and not including the final batch of results), the program has uncovered:
- 17 gold targets, including:
- Bella Vista which returned 47.3 g/t of gold from outcrop
(Press Release June 8, 2005),
- Pavo Salvaje which returned 13.75 g/t of gold from outcrop
(Press Release June 8, 2005).
- 9 copper targets, including:
- the Tranca Loma copper porphyry,
- the Camp copper porphyry,
- the Papaya prospect which has returned assays up to 6.31%
copper from float (Press Release November 28, 2005).
Another Aurelian highlight of 2005 included the moving of our Operations Office to the San Antonio San Antonio (săn ăntō`nēō, əntōn`), city (1990 pop. 935,933), seat of Bexar co., S central Tex., at the source of the San Antonio River; inc. 1837. Camp in the Zamora province of Ecuador and the Administration and Accounting services to Quito, Ecuador. These moves permit Aurelian to focus exploration and logistical lo·gis·tic also lo·gis·ti·cal adj. 1. Of or relating to symbolic logic. 2. Of or relating to logistics. [Medieval Latin logisticus, of calculation operations closer to the project areas while cutting overall costs. Patrick Anderson Patrick Anderson may refer to:
The process by which the body uses minerals to build bone structure. Mentioned in: Rickets mineralization, n the bioprecipitation of an inorganic substance. in our core area. At our Bonza-Las Penas gold deposit we proved the existence of higher grade structures with the potential for increasing both grade and ounces. On the flanks of this gold deposit we drilled into two large copper porphyry Porphyry, Greek scholar Porphyry (pôr`fĭrē), c.232–c.304, Greek scholar and Neoplatonic philosopher. He studied rhetoric under Cassius Longinus and philosophy under Plotinus. systems, Tranca Loma to the east and Camp to the west, with the potential to further change the economics of the whole system. Our regional teams have completed the monumental task of sampling nearly 95,000 hectares of mining concessions and we expect to release the complete results and target list from this program early in January 2006. We did all this while reducing our expenditures by nearly 60% from the Q1, 2005 levels of C$1.5 million to Q3, 2005 levels of C$0.67 million. It was a banner year. With the data in hand we are now planning for 2006. Thank you to our shareholders and staff for your continued support and loyalty. On behalf of the Board of Directors, I wish you all a Merry Christmas and Happy and Prosperous New Year". About Aurelian: Aurelian Resources Inc. is a publicly-listed (TSX VENTURE:ARU) junior resource company engaged in the business of exploring for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in southeastern Ecuador which consists of 38 mining concessions totaling approximately 95,000 hectares. Forward Looking Statement: Some of the statements contained herein may be forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. THE TSX VENTURE EXCHANGE TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. HAS NOT REVIEWED AND DOES NOT ACCEPT RESP RESP Response RESP Registered Education Savings Plan (Canada) Resp Responsibility Resp Respektive (Sweden: respectively) Resp Respiration RESP Respironics, Inc. ONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. Aurelian Resources Inc. (TSX VENTURE:ARU) |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion